Philippine fintech firm raises $167 million from KKR & Co, Tencent

Manila: Philippine digital and financial services firm Voyager Innovations has raised $167 million for its expansion programme, including a venture into digital banking, its listed and largest shareholder said on Monday.

Shareholders PLDT Inc., private equity firm KKR & Co. Inc. and Chinese tech giant Tencent Holdings Ltd. participated in the funding round, PLDT said in a disclosure.

Voyager, which serves millions of Filipinos through its mobile wallet, digital payments and remittance units, welcomed a unit of the World Bank’s International Finance Corp. as a new investor.